Paragraph 239 Finance Act 1996

(1)

Section 197 (setting of rates of interest)^f1 is amended as follows.

(2)

In subsection (2)—

(a)

in paragraph (a) for “paragraph 7” substitute “paragraphs 7 and 8(1)”;

(b)

in paragraph (b) before “paragraphs” insert “sections 60(6), (7) and (8) of and”;

(c)

in paragraph (c) for “74 and 78” substitute “74, 78 and 85A(2) and (3)”;

(d)

in paragraph (d) before “paragraphs” insert “sections 56(3) to (5) of and”;

(e)

in paragraph (g) for “and 81(3)” substitute “, 81(3) and 123(4) to (6)”;

(f)

in paragraph (h)(i) for “and 30(3)(f)” substitute “, 30(3)(f) and 42(4) to (6)”; and

(g)

in paragraph (i) for “II and III” substitute “2 and 3”.

Annotations

f1: Section 197(2) has been amended by paragraph 21 of Schedule 5 to the Finance Act 1997 (c. 16), section 130(3) and (4) of, and Schedule 20 to, the Finance Act 1999 (c. 16), paragraph 6 of Schedule 7 to the Finance Act 2000 (c. 17), section 49(2) of, and paragraph 18(1) of Schedule 3 to, the Finance Act 2001 (c. 9) and section 132(2) of the Finance Act 2002 (c. 23).